He should cut off the gas revenues that fund Myanmar’s junta.
In a letter to seven large energy firms, the president said excessive margins were “worsening that pain” for American consumers.
The transactions can help major oil and gas companies clean up their own production by transferring polluting assets to a different firm, the analysis said.
A top Ukrainian official criticized companies in the United States and Greece for helping Russia continue to profit from oil despite its attack on Ukraine.
Antsy executives have a message for their employees: Plans to return to in-person work are real this time.
As protests in the oil-rich Central Asian country gain momentum, the events threaten to reverberate across the region.
Steven Donziger, who won a $9.5 billion settlement against Chevron over dumped oil, began serving a six-month sentence for contempt of court last week.
In a historic hearing, the leaders of some of the most powerful energy companies in the world are appearing before a House panel to face questioning on climate change.
Steven Donziger, an environmental activist who won what is considered the largest ever lawsuit against an oil company, was found guilty of contempt of court in July.
The heads of Exxon Mobil, Shell, Chevron and BP will testify Thursday in the first congressional inquiry into industry efforts to hinder action on climate change.
A letter signed by more than 1,100 employees has called for change at the consulting firm, which has advised at least 43 of the 100 most environmentally damaging companies.
Executives from Exxon, Shell, BP and others are being called to testify in Congress next month after a secret recording this year exposed an Exxon official boasting of such efforts.
The bank’s announcement comes after the Food and Drug Administration gave full approval for the Pfizer-BioNTech coronavirus shots.
The tension between climate goals and lifting Exxon Mobil’s profits could make it difficult for activists to make progress.
The oil company is arguing against efforts to restrict its involvement in a gas operation in Myanmar that provides funding for the junta there.
An industry known for boom-bust cycles is resisting the temptation to pump more oil — for now.
With the price of a barrel stuck around $40 and no recovery in sight, companies are combining to cut costs and ride out the pandemic.
The oil giant’s takeover of Noble Energy gives it a foothold in an emerging energy hot spot: the eastern Mediterranean Sea.
While BP and other European companies invest billions in renewable energy, Exxon and Chevron are committed to fossil fuels and betting on moonshots.
With a $5 billion play for Noble Energy, the oil giant is set to acquire properties around the world for a relative bargain. Other companies might make similar moves.
Trillions in stimulus dollars have convinced Wall Street that the government has its back, and investors are seizing on even glimmers of good news about the pandemic.